Topic: What is going on with DEX's? (Read 94 times)
Most of the peoples are stay away in centralised exchanges because of transparency and most of the traders are stay in decentralized exchanges so many exchanges are attract the consumer. My self decentralized platform is purely accepting anywhere and number of unknown decentralised exchanges also available so we should carefully pick the trusted exchanges.
I see the competition is becoming tougher for the new dex's but to the old ones which already made their market, there would be no issues and matters at all. New dex's can compete but because of traders variety with these dex's time will come that few will remain and traders will only stay to the strongest.
I remember when Bancor came out and I began using their erc20 --> erc20 token swap. It was something new that I never saw in crypto and began my dive into DEX's. Started recommending it to my friends, and tried to veer everyone away from centralized exchanges.
However, a sudden surge of about 50 DEX's have emerged all claiming to be the next greatest thing. Competition is great, but replication is redundant.
What is your take on DEX's? Can the vast majority of new DEX's compete with OG's like Bancor, IDEX, etc?
However, a sudden surge of about 50 DEX's have emerged all claiming to be the next greatest thing. Competition is great, but replication is redundant.
What is your take on DEX's? Can the vast majority of new DEX's compete with OG's like Bancor, IDEX, etc?
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